McPHERSON’S LIMITED

 ANNUAL REPORT 2015  

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9

OUR BUSINESS 

McPherson’s Limited designs, sources 
and markets products under four 
broad categories: 

Health & Beauty, 

with brands including Manicare, Lady 
Jayne, Swisspers, Revitanail,  
Dr. LeWinn’s, A’kin and Al’chemy; 

Home Appliances, with brands 

including Euromaid, Baumatic, Lemair 
and Venini; 

Household Consumables 

under the Multix brand; and 

Impulse 

Merchandising under the Home Living 

brand. 

Additionally the 

Housewares Division 

markets and distributes products such 
as cutlery, knives, bakeware and 
kitchen accessories under brands such 
as Wiltshire, Stanley Rogers, Furi and 
Luigi Bormioli.  McPherson’s has a 49% 
stake in this division with the 
remaining 51% owned by the 
Fackelmann Group.  Founded in 
Germany in 1948, the Fackelmann 
Group is a global manufacturer and 
distributor of kitchen, baking, home, 
leisure and bathroom products.

Since the demerger of the Group’s 
printing business in FY2012, 
McPherson’s has embarked on a 
successful transformation. Through 
strategic acquisitions and divestments, 
as well as product innovation, the 
management team has established a 
portfolio of trusted and profitable 
brands across a diverse, multi-channel 

award, together with the successful 
launch of Gucci Bamboo for women 
clearly illustrates the Group’s 
capability in this area, instilling 
confidence in the year ahead.

DIVESTMENT DURING THE 

YEAR

On 31 October 2014, McPherson’s 
divested 51% of its stake in the 
Housewares business in Australia, 
Singapore and Hong Kong to the 
Facklemann Group.  Additionally on 1 
July 2015, McPherson’s divested 51% of 
its stake in the Housewares business in 
New Zealand to the Fackelmann 
Group.

Both McPherson’s and Fackelmann are 
pleased with the performance of the 
new venture, with its contribution on 
an annualised basis expected to 
increase in FY2016.

RESULTS FOR THE YEAR*

McPherson’s sales revenue was $349.1 
million net of customer allowances, 
1.0% below the previous year’s $352.7 
million*. Sales revenue on a 
comparable, like-for-like basis i.e. 
excluding Housewares and the impact 
of acquisitions made in FY2014 and 
FY2015, was $10.7 million or 4.3% 
above FY2014. This increase was 
primarily due to the increased sales of 
Home Appliance products and private 
label Household Consumables 
products.

REVIEW OF OPERATIONS

TRANSFORMING 

THROUGH 

DIVERSIFICATION 

REDUCES RISK

Lessened exposure to foreign currency plus a more profitable channel and 
customer mix are part of our strategy for increasing shareholder value.

customer base in Australia, New 
Zealand and Asia.

Manufacturing is outsourced to 
various suppliers, predominantly in 
Asia. McPherson’s maintains a strong 
presence in Hong Kong and mainland 
China focused on sourcing and quality 
assurance. 

ACQUISITIONS DURING THE 

YEAR 

Health & Beauty
On 1 December 2014, McPherson’s 
acquired the natural skincare brand 
A’kin to complement its existing 
skincare range.  Additionally, 
McPherson’s acquired the natural hair 
care brand Al’chemy.  Distribution of 
these brands is primarily through the 
Australian pharmacy channel.

The addition of these natural botanical 
products together with the Trilogy 
range of natural skincare products has 
further diversified McPherson’s 
channel exposure.

NEW AGENCIES 

ESTABLISHED DURING THE 

YEAR 

On 1 August 2014, McPherson’s was 
appointed Australian distributor for 
Proctor & Gamble’s fine fragrance 
brands – Gucci, Dolce & Gabbana and 
Hugo Boss – excluding duty free 
stores.  McPherson’s was recently 
awarded Best International Launch for 
the new Dolce & Gabbana Intenso fine 
fragrance for men.  This prestigious 

*

 

FY2014 figures have been restated to reflect a change with respect to the timing of recognising revenue and promotional discounts.  The impact has been to reduce 
sales revenue $0.7m, increase the loss before tax $0.7m, and increase the loss after tax $0.5m.